DFK Crosbie Blog

Monday 9th July 2018
Category: Finance
Date:
By  Stephanie Oakley

Below is a fact sheet that explains lenders mortgage insurance (LMI) and provides answers to some commonly asked questions.

 

What is lenders mortgage insurance?

Lenders mortgage insurance (LMI) is one way to buy a home without having the 20 per cent deposit which is typically required by most

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Monday 9th July 2018
Category: Health
Date:
By  Stephanie Oakley

As insurance premiums continue to rise (by over 5 per cent per annum for nearly a decade according to PwC), the medical sector in Australia will continue to adapt in order to meet changing times. But what does the future of Australian healthcare look like now, and what role will accounting expertise

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Monday 25th June 2018
Category: Tax
Date:
By  Stephanie Oakley

The ATO conducts an extensive data matching program to assist them in administrating the tax system and as a law enforcement tool. Information is collected electronically and then it is validated, analysed and used to:
 

  • Pre-fill tax returns, making it easier for individuals to lodge a

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Monday 25th June 2018
Category: Finance
Date:
By  Stephanie Oakley

Purchasing your perfect home or investment property is an exciting and challenging journey, and usually is one of the largest investments in your life!

It is therefore important to remain level headed throughout the excitement, to understand what you may be able to afford, and to engage with a professional to help you

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Wednesday 20th June 2018
Categories: Business | Tax
Date:
By  Stephanie Oakley

Partner at DFK Crosbie, Jason Bartlett, explains how you can re-discover peace of mind at tax time.

Feeling frazzled is a common complaint for business owners as the end-of-financial-year approaches. Wouldn’t it feel great to break that vicious cycle of stress and worry? So how you can go about it.

 

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Monday 21st May 2018
Category: Business
Date:
By  Stephanie Oakley

The Australian Tax Office (ATO) is homing in on small businesses failing to comply with guidelines regarding appropriate record keeping.

Findings from the ATO’s Protecting Honest Business campaign indicate that one of the leading factors for small business failure is poor record keeping practices. Small business owners are required

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Monday 21st May 2018
Date:
By  Stephanie Oakley

As the end of financial year is fast approaching, it pays to start thinking about how you can grow your superannuation while seeking some tax breaks.

 

Spouse contributions

The spouse super tax offset allows higher earning taxpayers who contribute super for their non-working or low income earning partners

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Monday 21st May 2018
Category: Tax
Date:
By  Stephanie Oakley

One of the greatest benefits of owning an investment property (besides the additional income) is your entitlement to tax benefits.

Here are some tips to maximise your tax return this 2017/18 financial year:

 

Expenses you can and cannot claim

While your property is rented or available to rent, you can

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Monday 21st May 2018
Category: Business
Date:
By  Stephanie Oakley

Business owners have the advantage of claiming a credit for any GST included in the price of goods and services purchased for their business. However, many businesses fail to claim their credits correctly.

The vast majority of mistakes are avoidable and relate to claiming credits for ineligible items or including GST-free

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Friday 4th May 2018
Date:
By  Stephanie Oakley

Right now, the entire world is vulnerable to cyber crime. It doesn't matter how small your business is, how much you have in your savings account or where you are located, hackers are targeting everyone who doesn't have their personal information on lock.

Cyber criminals are attacking Australia's superannuation funds - a small

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